earningsAn international comparison with 31 other developing countries by Business Day shows the proposed national minimum wage (NMW) announced in November places SA in the same range as many other emerging economies.  

This is if their wages are compared in terms of purchasing power.  The proposal put forward by a Nedlac task team has been hotly debated, with unions arguing that the R20 hourly rate is too low and some businesses saying it is too high and will destroy jobs.  The R20 hourly wage would give workers between R3,500 and R3,900 a month, depending on how many hours they worked.  It would give South Africans a similar spending power to people living in Chile and Estonia.  It would stretch further than the salaries of workers in Mexico, Russia and Brazil, but not as far as those in Turkey, Poland and Latvia.


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